Florida Circuit Court Judge Strikes Down 14.5 Percent Rate Hike in Fee v. NCCI
A Florida judge recently shot down NCCI and the Florida Office of Insurance Regulation’s (OIR) 14.5 percent rate hike for workers’ comp in that state, saying that NCCI held “secret” meetings without public notice, and because it is statutorily recognized, acted improperly in doing so. The ruling has been stayed pending a FLOIR appeal filed November 29th. Louisiana Comp Blog reached out to NCCI and Florida stakeholders to get their take on the issue.